Fraud & Security

Galileo Financial Technologies, a 19-year-old developer of application programming interfaces for payments, announced a $77 million institutional funding round led by venture-capital firm Accel.Flowhub Holdings Inc., provider of a management platform for cannabis retailers, announced a Series A funding round whose participants included Iqram Magdon-Ismail, the co-founder and former CEO …

Rental payments are the top use case by far on the Zelle person-to-person payments network, according to the chief executive of Zelle provider Early Warning Services LLC. “From an end-user use-case perspective, far and away the No. 1 use case for Zelle right now is actually a rent payment,” Albert …

Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …

Payments provider Fattmerchant launched an online-reviews integration feature, which provides merchants the ability to view and respond to reviews, such as those on Google, within the Fattmerchant platform.Aiming at hourly workers, a startup called Branch launched a free digital checking account and a debit card through Evolve Bank & Trust and Mastercard Inc.Cybersecurity firm GM …

Mercator Advisory Group released its “Prepaid Cards: Continued Growth” report.Payment security technology developer Sequent Software Inc. named Richard Nassar vice president of product management. Nassar is a former Visa Inc. executive.Travel card provider UATP named David Jimenez chief commercial officer. Jimenez’s career includes stints at Chase Paymentech, Ingenico, and CenPOS.Point-of-sale finance provider Afterpay Touch Group said …

The Federal Bureau of Investigation recently notified cybersecurity companies about attacks that could defeat multifactor authentication systems protecting sensitive online personal and financial data, systems usually considered much stronger than two-factor authentication combinations such as user names and passwords. The FBI last month quietly sent a so-called private-industry notification (PIN)—a …

NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …

The Samsung Pay mobile wallet introduced a Mastercard-branded virtual prepaid card called Samsung Pay Cash, which is accepted at all locations that accept Mastercard and Samsung Pay transactions. The technology behind the card is provided by Netspend, a unit of Global Payments Inc. The move comes on the heels of Samsung …

Payments executives love to talk about the security of paying with a smart phone, but that message still hasn’t gotten through to consumers, according to new survey findings from The Pew Charitable Trusts. The good news for mobile-payments proponents is that Pew found more than half, 56%, of its respondents …

C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …